Minimum Wage in London
Transport and accommodation costs make the capital one of the most expensive places to live in the world.
The Mayor of London, Ken Livingstone, announced workers in the capital should be paid at least £7.20 an hour to reflect the increased cost of living. The Mayor's Living Wage Unit carefully works out the real minimum for London that enables an acceptable standard of living, currently £7.05 per hour almost £2 an hour more than the National Minimum Wage.
The report shows that anyone earning less than £6.25 an hour in London is at or below the poverty level, after taking tax credits and benefits into account, because of the higher cost of living in the capital.